Taxes Multiple Choice Questions with Answers – PDF Download

A corporate tax is also called

1. direct tax
2. company tax
3. corporation tax
4. all of above

The form of tax which have to pay by the buyer on manufactured items at the time of purchase is known as

1. direct tax
2. excise duty
3. sales tax
4. Indirect tax

A tax imposed upon a person or property as distinct from a tax imposed upon a transaction is called

1. indirect tax
2. corporate tax
3. payroll tax
4. direct tax

The annual income of a person is $530,000 and the exempted amount is $280,000. The income tax payable at the rate of 0.75% would be

1. 3975
2. 1875
3. 1585
4. 3185

The tax which is charged on property, income and profits in the form of income tax, property tax etc is known as

1. Indirect tax
2. direct tax
3. excise duty
4. sales tax